Gov. Alejandro García-Padilla signed an executive order Wednesday establishing a nine-member construction industry advisory board, at the behest of the sector, which seeks to work with the government to improve conditions to do business in Puerto Rico.
A little over two weeks ago, the DC Circuit court vacated the Federal Communications Commission’s Open Internet rules stating that "even though the commission has general authority to regulate in this arena, it may not impose requirements that contravene express statutory mandates."
MasterCard and the Inter-American Development Bank have recently signed an agreement, as announced at the World Economic Forum in Davos, Switzerland, to work together in an effort to improve economic inclusion, transparency and financial formalization through the expansion of electronic payments in Latin America and the Caribbean.
AT&T is offering new and existing AT&T customers a a $100 bill credit for each new smartphone, tablet, feature phone, mobile hotspot or wireless home phone line of service they add to their service.
Puerto Rico Ports Authority Executive Director Víctor Suárez announced Wednesday that the regional airports in Aguadilla, Ponce, Ceiba, Vieques and Culebra are now offering free WiFi access as part of the agency’s plan to improve its infrastructure throughout the island.
The Infrastructure Financing Authority will begin construction this year of about 20 projects, representing an investment of $292.6 million and the creation of 3,504 jobs in Puerto Rico, agency Executive Director Grace Santana said Tuesday.
José J. Villamil, one of Puerto Rico’s leading economists, offered a grim assessment of the island’s fiscal health during a lecture Tuesday at Washington’s Center for Strategic & International Studies.
Puerto Rico’s unemployment rate jumped by a full percentage point year-over-year in December, when it reached 15.4 percent, Puerto Rico Labor Department statistics revealed Tuesday.
Meet Puerto Rico, the organization responsible for marketing and selling Puerto Rico to the meetings and conventions market, launched its new branding and image campaign Tuesday, with the slogan “On a tropical island. In the Caribbean.”
After wrapping up 2013 with a 5 percent growth in total sales, the launch of a new line of appliances, and more than 20 new customers and distribution channels added to its portfolio, Electrolux Puerto Rico plans to hold up its business and service model this year with the goal of maintaining its operation as a major hub for the Central America and Caribbean region, company officials said.
Shoe manufacturer Lifestyle Footwear in Moca has invested $2.1 million to improve its plant and will add 182 new jobs to its payroll after securing a new contract from the U.S. Department of Defense, company and government officials announced Tuesday.
The Puerto Rico Hotel and Tourism Association, in conjunction with the Puerto Rico Tourism Company, announced Monday the start of an educational campaign to urge island residents not to support illegal gaming.
Small businesses that suffered economic losses when the owner or a key employee was called up to active duty are eligible to apply for a low interest loan of up to $2 million from the U.S. Small Business Administration, the agency announced Monday.
Seaborne Airlines announced Monday plans to start daily service to its 17th airport, from Luis Muñoz Marín International Airport in San Juan (SJU) non-stop to Cibao International Airport in Santiago, Dominican Republic, starting Mar. 15.
A contingent of the government’s fiscal team is in New York today for two days of meetings with credit ratings agencies Standard & Poors, Fitch and Moody’s, which are all keeping close tabs on Puerto Rico’s financial problems and the steps being taken to address the crunch.
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